What Is FUNToken (FUN)?
FUNToken is a crypto gaming token developed on the Ethereum network as an ERC-20 token. The main aim of FUNTokens is to give gamers control over their funds. This way, the tension that occurs between gamers and game operators is reduced. You can see the live FUN price on the FUNToken price chart above.
Essentially, FUN coins can be used as a default payment method on various gaming dApps. Besides, FUNTokens offer such benefits as rebates, free prizes, and higher savings interest.
FUNToken crypto project also released its Layer-2 token version called XFUN on Polygon. It costs less than an ETH-based token, and it is more efficient since it offers low latency and cost-free on-chain transactions. XFUN tokens are created by removing FUN tokens from market circulation and escrowing them from the Ethereum mainnet.
In order to hold and swap FUN and XFUN tokens, FUNToken released its own non-custodial wallet. It’s called XFUN Wallet. The transactions made using the wallet have no gas fees and are pretty fast. Besides, gamers are encouraged to buy and hold more FUN and XFUN tokens because they are rewarded for doing that.
Tokenomics of FUNToken
Initially, the total FUNToken supply was 17 billion tokens. All tokens were minted at launch and no new FUN tokens will ever be minted. However, every quarter, half of the profits gathered from in-house gaming operations get burned. This way, the total supply of FUN tokens is reduced while the value is increased.
Bear in mind that the FUNToken price is prone to fluctuation if you want to buy FUN tokens. Thus, it would be useful to analyze the FUNToken price chart to determine the main tendencies in its price changes before purchasing the token.
